NS GROUP INC (NYSE:NSS) Message Board

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Technology Stocks : NS GROUP INC (NYSE:NSS)

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To: 007 who wrote (20)	3/26/1998 11:17:00 AM
From: Ajay Aggarwal	Read Replies (1) of 24

NSS is good short play. It hit $12 before the Riyadh pact, it'll hit $12 again. The former Saudi oil minister has stated that the supply even with cutbacks is large. Don't count out the Iraqi and Russian crude which will come on-line also. They saw light when O&G was $~20 and drillers were willing to pay premiums for tubes and pipes. They will have trouble keeping earnings up as they are heavy dependents of the oil industry. This info from IR: "Shipped 769,000t of which 437 kt was tubular and 81kt was for horizontal drilling, 152kt was for trucks, and the remainder was for industry."

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